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Market
Will Broadcom shares increase by at least 10% by end of 2024 following AI chip development news with OpenAI?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data, financial news sources
Story
OpenAI in Talks with Broadcom ($AVGO) to Develop New AI Chip, Shares Up 1%
Jul 18, 2024, 07:27 PM
OpenAI is reportedly in talks with Broadcom ($AVGO) to develop a new AI chip, according to The Information. This move is part of OpenAI's strategy to enhance its AI capabilities with custom chips. Initially, CEO Sam Altman had planned to start a separate company for this purpose, but the efforts are now being integrated within OpenAI. This development could pose a potential threat to Nvidia, as OpenAI has also hired former members of a Google AI chip unit. Following the report, Broadcom shares saw a 1% increase in trading volume.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by over 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
Decrease or no change • 25%
Yes • 50%
No • 50%
Broadcom shares increase > 10% • 25%
Broadcom shares increase < 10% • 25%
Broadcom shares remain stable • 25%
Broadcom shares decrease • 25%